Social Security 2024 Cola Increase. Social security benefits got a 3.2% cola in 2024, a smaller increase than the 8.7% boost in 2023. Projections show the social security fund will run out of money in 2038 and, if no action is taken before then, beneficiaries would.


Social Security 2024 Cola Increase

Multiply any amount over $1,174 up to $7,078 by 32%. This adjustment will affect social security retirement, disability, and ssi payments.

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